Mass Notification System Global Market Report 2024

The mass notification system market size has grown strongly in recent years. It will grow from $8.67 billion in 2023 to $9.25 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The expansion observed in the historical period can be attributed to factors such as strong economic growth in emerging markets, a rising demand for public safety and security, an increase in crimes and terrorist acts, and high adoption of mass notification systems across hospitals and medical facilities.

The mass notification system market size is expected to see strong growth in the next few years. It will grow to $12.27 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The anticipated growth in the forecast period can be attributed to the surge in usage of online platforms, the growing use of smartphones, rising urbanization, and an increase in mergers and acquisitions. Key trends expected in the forecast period involve a rise in demand for cloud-based mass notification systems, the adoption of multi-channel notifications, increased implementation of technology across mass notification systems, mass notification system manufacturers incorporating IoT technology, infrastructure advancements, and the use of geofencing in mass notification systems.

The growth in smartphone usage is a driving force behind the expanding mass notification systems market. Smartphones, handheld electronic devices reliant on cellular networks, have become integral for mass notification systems, delivering one-way messages through various channels such as email, smartphones, office phones, and home phones. Anticipated data from Oberlo in 2021 predicts continued growth in smartphone usage, expected to surpass seven billion in 2024 and further rise to 7.5 billion by 2026. This upward trend in smartphone adoption is poised to propel the mass notification system market.

The ongoing trend of increasing urbanization, driven by the pursuit of improved living standards and greater job opportunities, is a significant factor fueling market growth. Urbanization, defined by population concentration in urban cities, leads to higher demand for mass notification systems in diverse settings such as hospitals, educational institutions, and public spaces. Notably, in India, rapid innovation and digitization are positioning firms to tap into a vast market with an estimated 700 million smartphones and around 800 million internet users by 2023. The United Nations projects a 68% increase in the global urban population by 2050, further boosting the demand for mass notification systems in the forecast period.

Technological advancements are shaping the landscape of mass notification systems. Companies are adopting innovative technologies to enhance their product offerings. In October 2021, Motorola Solutions introduced the M500, the first AI-enabled in-car video system for law enforcement in Europe. This system, equipped with backseat passenger analytics, enhances awareness and safety in police vehicles, fostering trust and transparency within communities.

The market is witnessing the influence of multichannel notifications, offering a distinctive approach to disseminating information through users' preferred channels such as SMS, WhatsApp, E-mail, Telegram, and more. This approach is effective for delivering transactional and promotional messages, ensuring businesses stay at the forefront of customer communication. Automation plays a crucial role in efficiently delivering multichannel messages to end-users on their preferred channels. In June 2021, Muvi launched Konviare, a notification management engine enabling website or app owners to create, edit, and manage various notifications seamlessly, without requiring developer intervention.

In December 2021, Potter, a St. Louis-based manufacturer specializing in sprinkler monitoring devices and fire alarm systems, acquired Valcom Inc. The undisclosed acquisition aimed to expand Potter's technological capabilities, particularly in mass communication and notification systems. Valcom Inc., a U.S.-based company, is recognized for designing and manufacturing electronics, telecommunication systems, loudspeaker paging, and IP-centric mass notification systems.

Major companies operating in the mass notification system market report are Everbridge Inc., BlackBerry Limited, Blackboard Inc., Alertus Technologies LLC, Singlewire Software LLC, Atlassian, SK Telecom, Foxconn Industrial Internet, Huanyu Group, J&R Technology Ltd., Netpresenter, Bosch Limited, Transputec Ltd., Alert Cascade Limited, CALLMY, HARMAN, Klipsch Group Inc., IBM, Rave Mobile Safety, American Signal Corporation (ASC), ATI Systems, Alertmedi, Crisisgo, Omnilert, Ruvna, Mircom, Omingo, Onsolve, Voyent Alert, Squadcast, Cosafe Technology, Athoc Inc., Cooper Industries, Regroup Mass Notification, Redflag, Wonderpush, KONEXUS, Crises Control.

North America was the largest region in the mass notification system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mass notification system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mass notification system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The main types of mass notification systems are in-building, wide-area, and distributed recipients. In-building mass notification systems are structures designed for permanent use, usually roofed and walled. The components of a mass notification system include solutions and services, and it can be deployed on the cloud or on-premises, catering to both large enterprises and small and medium-sized enterprises (SMEs). The system finds various applications, including emergency response management, business continuity and disaster recovery, public alert and warning, reporting and analytics, and other relevant uses.

The mass notification system market research report is one of a series of new reports that provides mass notification system market statistics, including mass notification system industry global market size, regional shares, competitors with a mass notification system market share, detailed mass notification system market segments, market trends and opportunities, and any further data you may need to thrive in the mass notification system industry. This mass notification system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The mass notification system market includes revenues earned by entities by providing services such as geological events, meteorological events, biological events, accidental human-caused events, intentional human-caused events, and technological events. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.